EDITOR’S NOTE: Medicare’s legacy quality reporting programs were consolidated and streamlined into the Merit-Based Incentive Payment System, known as “MIPS.”
The Merit-Based Incentive Payment System (MIPS) uses a composite performance score to determine if eligible physicians will receive a payment bonus, a payment penalty, or no payment adjustments.
If a physician bills more than $90,000 for Part B-covered professional services and they see more than 200 Part B patients, and has provided more than 200 covered professional services to those patients, the physician must participate in the MIPS program. It’s essential for all eligible clinicians to report in order to prevent a 9-percent downward adjustment for all Medicare Part B claims paid two years from the reporting year.
The MIPS performance year begins Jan. 1, ends on Dec. 31 each year. If you’re eligible for MIPS, you must report data collected during the calendar year by March 31 of the following calendar year. Payment adjustments, based on the data you submit for services provided, are applied to Medicare Part B claims during Jan. 1 to Dec. 31 of the year following data submission. For example, if you collect data between Jan. 1 and Dec. 31, 2023 (i.e., the performance year), you must report your data by March 31, 2024, and you’ll receive a MIPS payment adjustment between Jan. 1 and Dec. 31, 2025 (i.e., the payment year). General reporting requirements are as follows:
On Nov. 2, 2023, the Centers for Medicare & Medicaid Services (CMS) released the 2024 Medicare Physician Fee Schedule (PFS) Final Rule, which includes updates to the Quality Payment Program (QPP).
The below segment summarizes a few of the key policy changes affecting the traditional MIPS program and MIPS Value Pathways (MVPs). A provider’s annual MIPS score of up to 100 points is calculated based on four categories of performance:
The 2024 MIPS performance year begins on Jan. 1, 2024. Physician performance across the four MIPS performance categories in 2024 – Quality, Cost, Promoting Interoperability, and Improvement Activities – will determine payment adjustments to Medicare Part B claims in 2026. Final MIPS scores are compared to the performance threshold to calculate the MIPS payment adjustment. The table below breaks down final MIPS scores and their associated payment adjustments, based on the performance threshold.
| 2024 Performance Period | |
| 2024 Final MIPS Score | 2026 MIPS Adjustment |
| 0.0-18.75 | Negative 9% |
| 18.76-74.99 | Negative MIPS payment adjustment greater than negative 9% and less than 0% on a linear sliding scale |
| 75.0 | 0% adjustment |
| 75.01-100 | Positive MIPS payment adjustment greater than 0% on a linear sliding scale. The linear sliding scale ranges from 0 to 9% for scores from 75.00 to 100.00. This sliding scale is multiplied by a scaling factor greater than zero but not exceeding 3.0 to preserve budget neutrality. |
CMS continues to signal its intent that MVPs are the future of MIPS. To further this vision, CMS finalized five new MVPs for the 2024 performance year, along with revisions to the previously finalized MVPs.
Specifically, CMS finalized its proposal to consolidate the previously finalized MVPs, Promoting Wellness MVP and Optimizing Chronic Disease Management MVP, into a single primary-care MVP. The five new MVPs are the following:
There will be a total of 16 MVPs available for reporting in the 2024 performance period.
There are 198 quality measures for the 2024 performance period, which reflect the following:
A list of new 2024 quality measures, along with their collection types, are outlined below:
Clinicians must meet “data completeness” when reporting quality measures to ensure that the data submitted is sufficient to assess quality performance. CMS previously finalized a 75-percent data completeness threshold for the 2024 and 2025 performance periods (up from 70 percent in 2023) for electronic Clinical Quality Measures (eCQMs), MIPS CQMs, Medicare Part B claims measures and QCDR measures. This means that quality measures must be reported on a minimum of 75 percent of eligible instances for the entire year.
There are 106 improvement activities in the MIPS inventory for 2024, including five new activities. New improvement activities include:
So, whether you are new to MIPS or seasoned, it is crucial to pay close attention to the changes in 2024.
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